US Congressman Ro Khanna and the Biden Administration to Host Bitcoin and Cryptocurrencies Roundtable in Washington, D.C.

Leaders in the industry, advocates, and important policymakers will come together to discuss the future of digital assets in the US at this high-profile event.

The US Administration under President Joe Biden and Congressman Ro Khanna will reportedly attend a roundtable on Bitcoin and cryptocurrencies in July, highlighting the growing importance of digital asset regulation and innovation.

Industry leaders, advocates, and key policymakers will gather in Washington, D.C., to discuss the future of digital assets in the United States at this high-profile event. In a statement, Khanna's office called the planned meeting the largest gathering to date of blockchain innovation leaders and policymakers.

Crypto Innovation to Stay in the US

The goal of the upcoming discussion, to be led by US Congressman Ro Khanna, is to talk about how to keep blockchain innovation and Bitcoin in the country, according to a report from Bitcoin Magazine, citing leaked memos. The upcoming roundtable, considering Khanna's political affiliation, might also indicate a shift in Washington's stance on the crypto industry or a softening of Democrat sentiment.

Officials from the Senate, House, and Biden administration are expected to join the discussion, along with American entrepreneur Mark Cuban. The participants are likely to cover topics such as regulatory frameworks, the economic impact of crypto assets, and ways to foster innovation while protecting consumers.

With the Biden Administration's involvement, the federal government acknowledges the need for comprehensive and clear crypto regulations. This event comes amid rapid technological advancements and increasing volatility in the crypto market, making the conversation around regulatory clarity and stability more crucial than ever.

Biden administration's involvement comes as a surprise to the cryptocurrency community, considering President Joe Biden's stance on digital assets over the years. The administration has been largely antagonistic toward Bitcoin and the digital asset industry for the last four years.

President Biden recently vetoed a bill that would have repealed a contentious Securities and Exchange Commission bulletin that sets accounting standards for companies that hold cryptocurrency. “My Administration will not support measures that jeopardize the well-being of consumers and investors,” Biden said in the statement.

Moreover, the Biden Administration has also proposed a 30% tax on electricity used for Bitcoin mining, which critics claim will hinder the shift to low-emission energy sources.

Biden Campaign to Accept Crypto Donations

The high-profile meeting comes days after reports that President Joe Biden's campaign is holding talks with players in the cryptocurrency industry to accept digital assets for donations via Coinbase Commerce.

This move could be seen as a response to former US President Donald Trump, who first initiated the idea, garnering significant attention from the crypto space.

According to anonymous sources, the talks are the latest attempt by the Biden administration to explore strategies for engaging voters who are interested in crypto ahead of the upcoming elections. With digital assets becoming a hot topic in this year's elections, it seems both candidates are vying for support from the growing industry.

News source：https://www.kdj.com/cryptocurrencies-news/articles/congressman-ro-khanna-biden-administration-host-bitcoin-cryptocurrencies-roundtable-washington.html

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